Qualicorp: IPO action in Brazil

Healthcare benefits administration company Qualicorp went public on Monday in Brazil, raising $588 mn. Backed by the Carlyle Group, Qualicorp offered 72.6 mn shares at $8.10 each. The price was 26 percent below the middle of the pre-IPO range. The lead underwriters were Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs. Source: Renaissance Capital

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